Answer:
Cashflow statement gives the true state of affairs of a business with respect to cash and cash equivalent. Whereas a company may report good profit, it may be running an unhealthy business because of its poor management of cash resources. As a result, such a business may run into troubles.
Cash from operating Activities is a healthy way of evaluating the core operations of the business, to make good investment judgment around the profit reported.
Net Income = $380,000
Add Depreciation (non- cash expense) = $70,000
Deduct Increase in Accounts receivables (non-cash income) = $30,000
Cash from operations = $420,000.
This statement is true hope this helps you
Answer:
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Explanation:
A broker transaction facilitates sale between a buyer and a seller.
The broker states a price for the buyer that is an addition of the seller's price and his commission.
An escrow account is one that recieves the buyer's money and notifies seller to transfer goods to the buyer. Once reciept of the goods has been confirmed by the buyer, seller's money is released to him and broker commission paid to him.
There is no legal limit to the number of escrow accounts a broker can have. So Ron can open seperate escrow accounts for each transaction he is doing.
The employing member will have the opportunity to approve or disapprove of the associated person's participation.
“Registered representative” is a term that describes a person who is licensed to shop for and promote securities for customers and is subsidized by using a firm registered with the financial industry Regulatory Authority (FINRA).
Independent broker-dealers feature as complete-provider brokerage companies, however, continue to be unfastened from the limitations and demands of a large Wall Street corporation. RIAs are independent fiduciaries who may accomplice with several broker-sellers, promoting a variety of products and services.
Registered representatives constitute customers within the buying and selling of investment merchandise including stocks, bonds, and mutual budgets. Many manage complicated trades or complicated products which can be out of doors the abilities of online trading.
Learn more about Registered representatives here brainly.com/question/26179492
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